2019-11-11 • Updated
The stock has been extremely volatile so far: it had the worst trading day in decades on February 14. The selloff was caused by the company’s announcement of the gloomy projection for its 2019 earnings.
When such a fall happens, a natural question is whether it’s time to buy the fallen asset at a cheap price. The answer is that it may indeed be the case as by now the negative news is mostly priced in. The news that the company increased the dividend and will continue buying back its shares can also help. Yet, better safe than sorry: a confirmation of the upside momentum is surely needed before buying.
Smaller timeframes (D1, H4) clearly show that Coca-Cola is oversold. The weekly chart makes it visible that the return above 45.65 (December low, 100-week MA) will give the stock a chance to retest the breached support line at 46.50. If the price manages to push above 47, it will be possible to make a big trade targeting 50.00 as the price fills the gap.
Support lies at 44.25 and 43.95. There’s also a rising 50-month MA at 43.78. If the decline continues from the current levels to that zone, it would be wise to reassess buying opportunities given the overall long-term bullish trend since 2009.
Trade ideas
BUY 45.75; TP 46.50; SL 45.50
BUY 47.15; TP 49.80; SL 46.80
For the third time in a row, Apple reports a dip in sales as it releases its report for Q2 2023. The announcement led to a 7% drop in stock prices as more investors seemed to lose confidence in the stock’s performance.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
Are you searching for trade opportunities for December 6-10? Here you go!
Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...
Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
|
